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Tesla Chooses Nevada as Site for Gigafactory

Tesla announced today that Nevada has been selected as the site for its Gigafactory battery facility. The Silver State beat out Texas, Arizona, New Mexico, and California for the project, which Nevada governor Brian Sandoval says will bring nearly $100 billion in economic impact to the region over the next 20 years.

In late July, Tesla finalized its partnership with Panasonic, which will provide the manufacturing equipment and cylindrical lithium-ion cells needed to build the battery packs. Tesla was in charge of securing the land, and will invest $5 billion in the site and manage the factory once it's up and running. The Gigafactory's purpose is to streamline production of battery packs and bring down their cost, and subsequently the cost of electric cars. Tesla CEO Elon Musk has said the plant will be vital to the success of the Model 3, the brand's upcoming lower-priced EV sedan. The Tesla Model S and Model X SUV, due later this year, will also benefit from the Gigafactory eventually, as the plant is expected to cut battery pack costs by at least 30 percent.This may not be the only site Tesla develops. The automaker said in April that it plans to break ground on two sites just in case there are any unforeseen delays. The Nevada site will eventually employ as many as 6500 people.Source: Tesla

What waste of taxpayer money. $1.3 billion dollars for a toxic waste dump. Fyi > Nevada has no state income tax, but thanks to Republican Sandoval, they'll probably need one to pay this off. The state comptroller said NV can expect $865,000,000 over 20 years for a loss of 1/2 a billion dollars to private enterprise. No thanks Tesla.

@canddmeyer You're trying to find a fault in this, and you are failing. They brought a major business and job opportunity to the area, yet you say it's a bad thing. As for a toxic waste dump, I'm sure the nuclear waste disposals in Nevada are far worse.... But if you want to stifle manufacturing innovation and growth in the US, who am I to stop you?